FROM: Stacey Barnier, Chief Human Resources Officer
SUBJECT: Performance Evaluation Process for Chief Executive Officer and Chief Counsel
RECOMMENDATION:
title
Approve the 2026 performance evaluation process and timing for the Chief Executive Officer and Chief Counsel.
body
BACKGROUND:
In accordance with their revised employment agreements adopted in 2024, the CEO and Chief Counsel may be entitled to a merit bonus payment of up to ten percent (10%) of base salary based on performance, achievement of goals, and financial condition of SBCERA, at the Board's discretion, following Employee's annual performance review which shall occur in the March to June time frame each year. In accordance with the SBCERA Staff Performance Evaluation and Planning (PEP) Policy (018), the format and framework for completion of the CEO's or Chief Counsel's performance evaluation shall be reviewed with the Board annually.
Staff recommends using the 2025 Performance Evaluation template that was approved by the Board. Additionally, staff recommends that the performance reviews continue to include the 360-degree review component for the CEO with feedback from the CEO's direct reports and for the Chief Counsel from the senior leadership team using the same format that the Board uses to provide feedback.
In addition, staff recommends the Executive Committee continue to serve as the Performance Evaluation Committee for the CEO and Chief Counsel. In accordance with the SBCERA By-Laws approved on June 3, 2021, the Executive Committee shall be comprised of the current Board Chair and Vice Chair, and immediate past Board Chair to advise the Board on benefit and compensation of SBCERA Employees, among other matters.
Staff recommends the following timeline:
March 5, 2026 Board Chair appoints Executive Committee to serve as Performance Evaluation Committee members.
April 2, 2026 Chief Executive Officer and Chief Counsel will provide Closed Session briefings to the Board...
Click here for full text